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U.S. Code as of:
01/19/04
Section 262h. Opposition by United States Executive Directors of international financial institutions to assistance for production or extraction of export commodities or minerals in surplus on world markets
The Secretary of the Treasury shall instruct the United States
Executive Directors of the International Bank for Reconstruction
and Development, the International Development Association, the
International Finance Corporation, the Inter-American Development
Bank, the International Monetary Fund, the Asian Development Bank,
the Inter-American Investment Corporation, the African Development
Bank, and the African Development Fund to use the voice and vote of
the United States to oppose any assistance by such institutions,
using funds appropriated or otherwise made available pursuant to
any provision of law, for the production or extraction of any
commodity or mineral for export, if -
(1) such commodity or mineral, as the case may be, is in
surplus on world markets; and
(2) the export of such commodity or mineral, as the case may
be, would cause substantial injury to the United States producers
of the same, similar, or competing commodity or mineral.
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